Canada's $20B Tariff Retaliation, Amazon Freighter Crash Details, & Trump Trade Ultimatum | The Morning Minute

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We kick things off with a massive trade escalation that's adding serious costs and uncertainty across North American supply chains. Canada imposed retaliatory tariffs of up to 50% on nearly $20 billion worth of US goods Tuesday, just after midnight. The duties took effect in response to tariffs President Donald Trump imposed on Canadian products after trade negotiations between Washington and Ottawa collapsed in August. The Canadian tariffs range from 15% to 50% and target hundreds of American products, including steel, aluminum, clothing, furniture, dairy products, household appliances, and industrial equipment. Canadian Prime Minister Mark Carney has described Canada's response as dollar for dollar, attempting to pressure Washington while limiting damage to Canadian companies and consumers. The countermeasures add another layer of costs for manufacturers, retailers, and transportation providers, moving freight across one of the world's largest bilateral trading relationships where US-Canada trade totaled nearly $900 billion in 2025

Meanwhile, investigators are piecing together critical details from Sunday's deadly Amazon cargo jet crash at Miami International Airport. National Transportation Safety Board officials revealed Tuesday evening that the Boeing 767-300 converted freighter was carrying more than 32,000 pounds of contact lenses from Puerto Rico and didn't follow normal steps for slowing down during landing. The plane hovered well past the normal runway zone and then had difficulty getting its landing gear on the ground before running off the runway, plowing into two vehicles and fences before coming to a stop in a grassy area across a public road. The crash killed five people and several injured. Investigators say the pilots did not deploy critical systems meant to slow an aircraft upon landing, and seconds before coming to rest, the throttles were set to full power. When the Amazon plane touched down with its nose and right main landing gear, the plane had a ground speed of 181 miles per hour. The cockpit voice recorder and flight data recorder are currently being analyzed in Washington, DC.

Finally, President Trump has hinted that America may end trading with some of our country's largest trading partners. During a news conference last Friday, Trump suggested the US could stop trading with Mexico and other countries where it runs large trade deficits, saying America could prosper by reducing its dependence on foreign trade.

Trump singled out Mexico, one of the United States' largest trading partners, and a critical link in North American automotive, manufacturing and agricultural supply chains, claiming, We lose with Mexico $195 billion a year. The president made similar comments about Canada and the European Union, saying the US could eliminate trade deficits simply by refusing to trade with those markets. Trump said the US loses roughly $200 billion annually with the European Union and claimed ending trade with Canada would save the US between $60 billion and $90 billion a year.